<br />
WESTCHESTER MARKET WATCH<br />
first quarter 2013<br />
juliabfee.com<br />
INTRODUCTION<br />
Building off the improving 2012 sales picture, we moved into 2013 with optimism. Based on results from the first quarter, our<br />
local housing market is clearly strengthening, continuing the upward trend that we saw throughout 2012 with all relevant metrics<br />
supporting the improving health of Westchester County residential real estate. First, despite the burst of new listings, inventory<br />
levels are declining, currently standing at 21% below the median for the past two years. Pending sales, which are signed contracts on<br />
homes that have not yet closed, have demonstrated month over month improvements for each of the past twelve months. Closed<br />
sales have improved for each of the past six months, while days on market for sold properties stands at 18% below the past three<br />
year average. While the housing market is <a title="JBF1Q13MarketReport page 1" href="http://viewer.zmags.com/publication/dcb59bfd?page=1"> WESTCHESTER MARKET WATCH </a>
<a title="JBF1Q13MarketReport page 2" href="http://viewer.zmags.com/publication/dcb59bfd?page=2"> INTRODUCTION Building off the improving 2012 sal</a>
<a title="JBF1Q13MarketReport page 3" href="http://viewer.zmags.com/publication/dcb59bfd?page=3"> MARKET PSYCHOLOGY TURNS POSITIVE Real estate has</a>
<a title="JBF1Q13MarketReport page 4" href="http://viewer.zmags.com/publication/dcb59bfd?page=4"> Yet all markets are different with significant nua</a>
<a title="JBF1Q13MarketReport page 5" href="http://viewer.zmags.com/publication/dcb59bfd?page=5"> sales figures. First quarter 2013 closed sales imp</a>
<a title="JBF1Q13MarketReport page 6" href="http://viewer.zmags.com/publication/dcb59bfd?page=6"> STABILIZED PRICES ARE HELPING TO FUEL THE RECOVER</a>
<a title="JBF1Q13MarketReport page 7" href="http://viewer.zmags.com/publication/dcb59bfd?page=7"> Despite the improving sales picture and the multi</a>
<a title="JBF1Q13MarketReport page 8" href="http://viewer.zmags.com/publication/dcb59bfd?page=8"> THE CONDOMINIUM AND CO-OP MARKET ENJOYS IMPROVEME</a>
<a title="JBF1Q13MarketReport page 9" href="http://viewer.zmags.com/publication/dcb59bfd?page=9"> THE BEST OF THE BEST </a>